Streetwise

In the Next Bull, 15 Could Be the New 20

The next bull won't be nearly as robust as the last two, and valuations will prove it.

IF WE COULD ONLY BOTTLE THE MENTAL ENERGY EXPENDED by investors, pundits and seers around the world trying to predict the arrival of the next bull market. Will it be the second half of 2009? 2010? Later still?

The sad fact is no one can know for sure, but more important, what breed of bull market turns up is as vital as the timing, if not more so. Rather than worry about the when, let's just assume that another Taurus eventually...